Skip to main content

Advertisement

Advertisement

Business

SK Innovation to invest US$4.3 billion in US battery production with Ford Motor

SK Innovation to invest US$4.3 billion in US battery production with Ford Motor

FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji/File Photo

SEOUL: South Korea's SK Innovation plans to invest 5.1 trillion won (US$4.32 billion) to build battery production facilities in the United States through its battery joint venture with Ford Motor through 2027, the company said in a regulatory filing on Tuesday (Sep 28).

The South Korean battery maker, which supplies electric car batteries to Ford Motor and Hyundai Motor, among others, has battery production sites in the United States, Hungary, China and South Korea.

Source: Reuters/aj

Advertisement

Also worth reading

Advertisement